Monthly Archives: April 2017

Credit Utilization Rate

As mentioned in a previous post, 30% of your FICO credit score is based on your credit utilization rate. If you have a $2,000 balance on your credit cards and a total credit limit of $5,000, your credit utilization rate … Continue reading

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Managing Credit Responsibly

I have very good credit now, my current FICO score is 821. This has allowed me to finance used cars below 3.9% APR or obtain credit cards if needed. I only have 3 cards currently, a Discover, Master Card and … Continue reading

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Closing The Income Gap In Starting a Business

I started a business, but I do not make enough money to pay the bills. Now what do I do? Considering tax preparation is my primary income driver, leaving a stable (but disliked) job the day after tax season ended, … Continue reading

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Advantages and Disadvantages of a Limited Liability Company

What entity structure do you choose? A lot of the time a Limited Liability Company is a good fit, but make sure you know and trust your partners. Below are some advantages and disadvantages. Advantages A limited liability company can have … Continue reading

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Email List Building and Marketing for Bloggers

What do Pat Flynn (Smart Passive Income), Brian Clark (CopyBlogger),and Nathan Hangen (Kissmetrics) have in common? They recognize and promote the importance of email marketing! Pat Flynn even created a 34 page free eBook all about email marketing in order to … Continue reading

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Husband and Wife LLC Operating Agreement

If you share a business with your husband or wife, you should have a written agreement to protect your interests. OPERATING AGREEMENT Date: Parties: The parties to this agreement (the “members”), who are husband and wife, are entering into this … Continue reading

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Limited Liability Company Articles of Organization

In order to start a limited liability company, you need to file the Articles of Organization with the Secretary of State in the State you are wanting to organize in.  Some state differ or allow you to do online, but … Continue reading

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Learning From The Competition

Football teams study an opponent’s offense to build their defensive schemes, we should do the same for our competition. The first step is to identify the competitor or all competitors in your market you want to model.  Unless you know … Continue reading

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Partnership Agreement

Are you creating a new partnership?  If so, protect yourself and assign responsibilities, create a partnership agreement. PARTNERSHIP AGREEMENT DATE: PARTIES: AGREEMENTS: SECTION 1. FORMATION OF PARTNERSHIP 1.1 Formation. The Partners hereby agree to form a Partnership pursuant to the … Continue reading

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Business Structures

There are several ways to structure your new or existing business.  Some are easy, others have tax and liability advantages. Here are the basics: Sole Proprietor This is a business owned and operated by one person. A sole proprietorship is … Continue reading

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